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Historic analysis of the cycles since 1962 exhibits that the relative efficiency of equity market sectors has tended to rotate as the general financial system shifts from one stage of the business cycle to the next, with different sectors assuming effectivity management in different monetary phases.1Ã‚Â On account of structural shifts within the economic system, technological innovation, varied regulatory backdrops, and different factors, nobody sector has behaved uniformly for each business cycle.
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